Enzi Wealth Purchases 4,583 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Enzi Wealth increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,815 shares of the computer hardware maker's stock after buying an additional 4,583 shares during the quarter. NVIDIA comprises about 0.9% of Enzi Wealth's investment portfolio, making the stock its 19th biggest position. Enzi Wealth's holdings in NVIDIA were worth $2,215,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter worth $50,000. Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA in the fourth quarter worth $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Citigroup increased their target price on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Raymond James Financial raised their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Finally, Truist Financial raised their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $181.22.

NVIDIA Price Performance

NVDA traded down $0.24 during trading on Friday, reaching $173.50. 121,814,931 shares of the stock were exchanged, compared to its average volume of 162,110,176. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.72. The company has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 55.97, a P/E/G ratio of 1.53 and a beta of 2.13. The business's 50 day moving average price is $150.95 and its two-hundred day moving average price is $130.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total transaction of $12,715,500.00. Following the completion of the transaction, the chief executive officer directly owned 74,123,225 shares of the company's stock, valued at approximately $12,566,851,566.50. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the sale, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,114,800 shares of company stock worth $760,553,003 in the last three months. 4.17% of the stock is owned by company insiders.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.